Help Desk -
9958816305, 9810335381
Email
Password

Nornickel Announces Consolidated Production Results for H1 of 2020

Metal News - Published on Tue, 11 Aug 2020

Image Source: Nornickel Coronavirus COVID19
Nornickel announced preliminary consolidated production results for the second quarter and the first half of 2020. First Vice-President, Chief Operating Officer, Sergey Dyachenko said “The Company is applying its maximum efforts to mitigate the impact of the fuel spill at the HPP-3. To date, the clean-up of the Ambarnaya River and the collection of contaminated soil have been practically completed and the most complex and labour-intensive work on cleaning and rehabilitation of soil has been launched. We have started construction of a temporary pipeline for the transportation of the collected water-fuel mixture to c-19 outbreak has not had any material adverse impact on our operations.

In 2Q2020, the output of all key metals have increased against the previous quarter. However, 1H2020 production of saleable products have declined year-on-year primarily due to hot commissioning of a nickel refining shop with new chlorine leaching technology at Kola MMC. The decrease of PGMs output was attributed mostly to a high base effect of 1H2019, when Krasnoyarsk Precious Metals Plant processed earlier accumulated work-in-progress inventory. The decline in copper production was driven by lower processing volumes of concentrate purchased from Rostec as well as the short-term reduction of capacity utilisation rate of our smelting operations at Kola MMC owing to unfavorable meteorological conditions in order to reduce environmental impact.

At the same time, Bystrinsky GOK continued to ramp-up to designed capacity, having increased production of copper in concentrate by almost 50% year-on-year.

Source :

Posted By : Yogender Pancholi on Tue, 11 Aug 2020
Related News from Metal segment